# Amber Group to acquire 60% stake in Ascent Circuits

Amber Group, through its subsidiary ILJIN Electronics, entered into a definitive agreement to acquire a 60% stake in Ascent Circuits Pvt Ltd, a PCB manufacturer. The cash consideration and valuation will be disclosed post-closing.

- Type: Acquisition
- Announced: 2024-01-03
- Where: South India, India
- Status: announced
- Products: printed circuit boards
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Ascent Circuits](https://endata.com/companies/74768.md) (target)
- [ILJIN Electronics](https://endata.com/companies/74769.md) (partner)
- [Amber Group](https://endata.com/companies/74770.md) (acquirer)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/amber-group-to-acquire-majority-stake-in-ascent-circuits/article67701746.ece), 2024-01-03: "Home-grown B2B electronic manufacturing company, the Amber Group, on Wednesday said it has entered into a definitive agreement to acquire 60 per cent stake in Ascent Circuits Pvt Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.